this is president obama going deep. he really went in on an issue you have been working on for a long time, which is income inequality. what was your reaction to the president's speech today? >> i did think it was a speech of some depth. and i wrote that, because i thought that it was a very skewed diagnosis. we used to talk about inequality and i've been looking at that phenomenon for decades now, and throw up our charts and say, boy, look at that, folks, isn't that that a problem? what the president did today, is he tied that to the lack of opportunity, to the lack of mobility. even to problems in overall economic growth. financial instability. bubbles. the kinds of problems that have been really tanking the economy now for a number of business cycles. so it was a very complete diagnosis of the problem. and i thought the prescriptions, which you began to get at in your introduction, went right to the heart of it, as well. a real role for government in addressing this significant market failure. >> and, you know, angel